What is a crypto airdrop, and how does it work?
Crypto airdrops are a marketing strategy used by new blockchain projects to distribute free tokens to users, akin to promotional samples in a store. Users typically participate by following the project on social media or completing simple tasks. The process begins with an announcement of the airdrop, followed by eligibility checks and a blockchain snapshot to determine qualifying wallet addresses. Tokens are automatically sent to these addresses via smart contracts, allowing users to receive them without manual claims. There are various airdrop types, including standard, bounty, holder, exclusive, and raffle airdrops. While airdrops can provide free crypto and increase project visibility, they also face risks such as scams, regulatory scrutiny, and security issues. Participants should conduct thorough research to avoid scams, remain cautious of phishing attempts, and never share private keys. As the crypto landscape evolves, future airdrops may become more targeted and regulated, enhancing user engagement and security.
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